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yesterday john boehner did just that. he said that the republicans are willing to accept new revenue under the right conditions to get a deal. harry reid extraordinarily was talking about dancing and fighting, which is his way of saying he's ready to make some sort of a deal as well. but like gretchen said a minute ago, there is a big selloff on wall street yesterday because people on wall street feel that we are much closer to going off the fiscal cliff than before the election. >> gretchen: even if get a decision here, any kind of an agreement, bipartisanship, whatever you want to call it, it's only going to be short-term. this is not a -- nobody is paying attention to erskine bowls and that whole debt reduction plan. nope of the this is just going to be another stop gap measure. how do you feel about that? is that really bipartisanship for the long-term? are we really going to face all of these issues with both parties? >> brian: erskine bowls wrote a column today and said this is the perfect time to act. boehner said
yesterday john boehner did just that. he said that the republicans are willing to accept new revenue under the right conditions to get a deal. harry reid extraordinarily was talking about dancing and fighting, which is his way of saying he's ready to make some sort of a deal as well. but like gretchen said a minute ago, there is a big selloff on wall street yesterday because people on wall street feel that we are much closer to going off the fiscal cliff than before the election. >>...
WHUT (Howard University Television)
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Nov 8, 2012
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WHUT
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on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balanced approach to everything, but especially the situation we have dealing with this huge deficit and taxes that are part of that. >> there is an alternative to going over the fiscal cliff. it involves making real changes to the financial structure of entitlement programs and reforming our tax code to curb special interest loopholes and deductions. by working together and creating a simpler, cleaner tax code, we give our country a stronger, healthier economy. >> powerful winter storm again has blasted the northeast, bringing wet snow and strong winds to areas already devastated by last week's superstorm sandy. tens of thousands of homes and businesses lost power along the east coast from the carolinas to new york on wednesday, joining the more than half a million customers who still remain without power in sandy's wake. concerns were raised the storm could
on wednesday, both senate majority leader harry reid and house speaker john boehner pledged to negotiate in good faith. >> the american people want us to work together. republicans and democrats want us to work together. they want a balanced approach to everything, but especially the situation we have dealing with this huge deficit and taxes that are part of that. >> there is an alternative to going over the fiscal cliff. it involves making real changes to the financial structure of...
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Nov 12, 2012
11/12
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. >> while members are not supportive of the tax plan, john boehner are urging them to make compromise, something president obama senior adviser david axelrod called encouraging. >> there's money to be gained by closing some of these loopholes and applying them to deficit reductions. >> one half of those automatic spending cuts would affect the defense department's budget. david martin shows us what that means for the military. >> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words. >> if sequestration goes into effect it's a disaster for national defense. >> reporter: the strategy of pivoting away from the wars in iraq and afghanistan towards the pacific and an emerging chinese superpower would come undone. >> all of that can go to hell if this congress doesn't face up and deal with the issue of sequestration. >> reporter: in this letter to senators panetta warned by the time sequestration was over the u.s. would have the smallest ground force since 1940,
. >> while members are not supportive of the tax plan, john boehner are urging them to make compromise, something president obama senior adviser david axelrod called encouraging. >> there's money to be gained by closing some of these loopholes and applying them to deficit reductions. >> one half of those automatic spending cuts would affect the defense department's budget. david martin shows us what that means for the military. >> reporter: the dreaded sequestration...
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Nov 8, 2012
11/12
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WMAR
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john boehner coming out today. harry reid as well. boehner said, we can't keep setting the bar that low. it is time we raise the bar. i loved what he said about we are ready to be led not as democrats or republicans, but as americans, not as a liberal or conservative, but as the president of the united states. >> that's the quote mark alluded to. you hope in light -- dual messages last night. the country overwhelmingly elected barack obama back to office. more democrats in the senate and the house. on the other side. popular vote very close. obama, up by 3 million votes. very close race. that was a message, not a mandate. so there is a middle ground that you hope they both seek out. because the electorate did send dual messages last night. >> one headline, the divided states of america. it is a little divided. we need some healing, neosporin and a band-aid. >>> yeah. asian stocks tumbled overnight after a steep drop on wall street. global investors are nervous about new forecasts that show slow slow economic growth in europe well into
john boehner coming out today. harry reid as well. boehner said, we can't keep setting the bar that low. it is time we raise the bar. i loved what he said about we are ready to be led not as democrats or republicans, but as americans, not as a liberal or conservative, but as the president of the united states. >> that's the quote mark alluded to. you hope in light -- dual messages last night. the country overwhelmingly elected barack obama back to office. more democrats in the senate and...
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Nov 9, 2012
11/12
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speaker boehner will address us. can the president say anything to make this whole week look like a dream? >> that's a tough one. what our lalt friend mark haines used to talk about, we need a capitulation, we need the answer, no, are you kidding? there was a congressman on "squawk" this morning say, yes, don't worry about it. when i hear that i say, no, it's not going to happen. we have to have them worry, as worried as we are. i still see this kind of grover norquist run republican party which would rather not have a tax increase and take the tit titanic down in the name of the country. >> viewers will say, wasn't wednesday a woosh? what qualifies a woosh at this point? in terms of the signs we've seen, isn't that qualified as a woosh. >> you open down and rally between 12 and 1. you get the 10 to 1 ratio. i'm just quoting mark haines. if you saw 20 to 1, you would say, you need to buy it. i need to see hains rules. he called too many huge bottoms using his rules. >> he had seen a few, david, as you know. i think o
speaker boehner will address us. can the president say anything to make this whole week look like a dream? >> that's a tough one. what our lalt friend mark haines used to talk about, we need a capitulation, we need the answer, no, are you kidding? there was a congressman on "squawk" this morning say, yes, don't worry about it. when i hear that i say, no, it's not going to happen. we have to have them worry, as worried as we are. i still see this kind of grover norquist run...
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Nov 12, 2012
11/12
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CNN
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and john boehner, as well. and we cincinnatiens as speaker boehner may say, is that we can get to the table and we can negotiate. he's already sent a signal that he wants to do that and i believe that president obama wants to do that, too. they both have an interest. the white house line is saying we don't have a deal here we're going to go into recession while boehner is saying business is telling him, hey, let's stop the bonds market from falling apart and make sure that we can pay our national debt. >> republican strategist oliver mcgee. let's hope for a kumbayah moment. richard socarides, thanks to you both this morning. >> thank you. >>> mystery surrounds a missing american journalist thought to be held hostage in syria. coming up, his parents' emotional appeal and why some say the clues found in a video that they just don't add up. there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone repla
and john boehner, as well. and we cincinnatiens as speaker boehner may say, is that we can get to the table and we can negotiate. he's already sent a signal that he wants to do that and i believe that president obama wants to do that, too. they both have an interest. the white house line is saying we don't have a deal here we're going to go into recession while boehner is saying business is telling him, hey, let's stop the bonds market from falling apart and make sure that we can pay our...
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Nov 12, 2012
11/12
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this was the secret negotiation between barack obama and john boehner last year. we don't know all of the pieces that were in it. they offered 8$800 billion in revenue and then on the spending cut side they offered $450 billion in cuts to medicare and medication and changes to the way social security benefits are calculated. a lot of things on the table here. big things both tax increases and spending decreases. it's going to take some combination of those to get to a deal here and it's sort of where they go on this menu of options that's going to lead to whether or not they have votes to do it on capitol hill. >> there's a detail there. cut through it for me if you will. a lot of people around seem to suggest that they're going to get this thing tied up really quite quickly. my concern is that obama is beginning to grandstand. if you look at who he's meeting with, it looks like he might be preparing for a huge fight for his legacy, which actually might push us further back than a lot of people have bargained for. >> what you'll see with obama meeting with progres
this was the secret negotiation between barack obama and john boehner last year. we don't know all of the pieces that were in it. they offered 8$800 billion in revenue and then on the spending cut side they offered $450 billion in cuts to medicare and medication and changes to the way social security benefits are calculated. a lot of things on the table here. big things both tax increases and spending decreases. it's going to take some combination of those to get to a deal here and it's sort of...
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speaker boehner will speak later on today and apparently he will take questions. it is all lining up for later on today. go to the facebook page, please. tell us what you think. who will blink? will a compromise be made? will either side be happy. read some comments on the hour, in the next hour i should say. the dow has dropped more than 400 points since president obama was reelected. that was two days ago. futures are pointed to another down day today. the fiscal cliff looms as we told you. the opening bell is next. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. can youlyric can.aid do this? lyric can. lyric can. lyric by phonak is the world's only 24/7, 100% invisible hearing device. it's tiny. but lyric's n
speaker boehner will speak later on today and apparently he will take questions. it is all lining up for later on today. go to the facebook page, please. tell us what you think. who will blink? will a compromise be made? will either side be happy. read some comments on the hour, in the next hour i should say. the dow has dropped more than 400 points since president obama was reelected. that was two days ago. futures are pointed to another down day today. the fiscal cliff looms as we told you....
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Nov 14, 2012
11/12
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FOXNEWSW
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does john boehner have the votes to match that? >> the white house figures he will portray himself as the chapel yofnt middle class and the republicans are going out for the rift and he feels he can largely beat hem into submission. when they sit down to the bargaining table they might make some changes but he will want to come out of these negotiations as having largely won them and leaving scraps for the republicans. what the republicans have to hit back with is the way you increase revenues is by having rising incomes. you don't get that by higher taxes on a weakening economy. bill: the president plans to open the talks using his most recent budget proposal. wasn't that the budget that got zero votes in the senate? >> he's going to exploit it for all it's worth. you could come to an agreement using bowles and simpson and reducing rates so everyone declares victory. you have got more revenue but the rates don't go up. but i don't think the president is interested in that. if you had normal people doing this. this president web ma
does john boehner have the votes to match that? >> the white house figures he will portray himself as the chapel yofnt middle class and the republicans are going out for the rift and he feels he can largely beat hem into submission. when they sit down to the bargaining table they might make some changes but he will want to come out of these negotiations as having largely won them and leaving scraps for the republicans. what the republicans have to hit back with is the way you increase...
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john boehner came to the podium yesterday and said the word revenue. they're going to have to get it. wears a going to come from the tax reform process? those details are far from it right now. melissa: might be an overshoot at this point. bank stocks coming from the sell-off by tuesday's election but which winner as the bank's more concerned? president obama or massachusetts -- there she is -- newly elected senator elizabeth warren. joining me is the tangent capital partners senior managing director. election day is a bad databanks. >> this delusion said romney would win and it would all be ok and we would rollback basel iii -- melissa: a lot worse, not only is president obama in office which is not great for the banks but they're looking for the legislative change but you have people like elizabeth warren gaining power so altogether racemes what is your outlook? >> elizabeth ward is only one of 100 senators. she is an angry calvinist. she is a wonderful lady. i loved her books but i don't know her prescription for regulation is what we need right now
john boehner came to the podium yesterday and said the word revenue. they're going to have to get it. wears a going to come from the tax reform process? those details are far from it right now. melissa: might be an overshoot at this point. bank stocks coming from the sell-off by tuesday's election but which winner as the bank's more concerned? president obama or massachusetts -- there she is -- newly elected senator elizabeth warren. joining me is the tangent capital partners senior managing...
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Nov 8, 2012
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what was boehner saying? does the white house have a mandate? are the next six weeks, eight weeks going to be about watching political posturing, trying to trade off of that? >> unfortunately. grover norquist in my class in college and he was an outlier then and he's not now. everyone's shifted so far to the right in politics. even the left, you can argue the democrats shifted because they can't spend like they used to. if he is in charge of the party, i think there's a fiscal cliff avoid answer. i don't know if he is. >> were you encouraged by what was said yesterday? hard to tell. early days. >> everybody's been encouraged is fooled. fool me once. i think that the proof will be real change within the hard right tea party of the republican party. because, i mean, look. i think that obama, whether you like him or not, obama said you raise revenue. have a talk. boehner did mention raising revenues but does he have people in the tea party wing this agrees with him? i don't know. what do you think? >> i don't know. i mean, in the meantime, speaking
what was boehner saying? does the white house have a mandate? are the next six weeks, eight weeks going to be about watching political posturing, trying to trade off of that? >> unfortunately. grover norquist in my class in college and he was an outlier then and he's not now. everyone's shifted so far to the right in politics. even the left, you can argue the democrats shifted because they can't spend like they used to. if he is in charge of the party, i think there's a fiscal cliff avoid...
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Nov 8, 2012
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boehner even opened the door to higher taxes. >> bipartisan agreement which begins to solve the problem, we're willing to accept revenue under certain conditions. >> we republicans want us to work together. >> so much talk about the impending fiscal cliff. it's dominating this agenda, although the problems have other immediate concerns, including changes thoiz cabinet. >>> a home burglary at the home of nancy pelosi is raising eyebrows. the 21-year-old admitted to robbing six homes. they found the front door smashed in. it's not clear if he took anything initially. nancy pelosi won her post again last night. some congressional insiders say pelosi is weighing her options and may not want the job again. go to nbcbayarea.com for complete results and more coverage. you can also find slide shows of viewer photos sent into the newsroom. it's nbcbayarea.com. >>> it's just one week after hurricane sandy crippled the east coast and round 2 of another storm is now there. >> janelle wang joins us from the world desk with more. >>> heavy snow and strong winds already pounding the northeast. the fie
boehner even opened the door to higher taxes. >> bipartisan agreement which begins to solve the problem, we're willing to accept revenue under certain conditions. >> we republicans want us to work together. >> so much talk about the impending fiscal cliff. it's dominating this agenda, although the problems have other immediate concerns, including changes thoiz cabinet. >>> a home burglary at the home of nancy pelosi is raising eyebrows. the 21-year-old admitted to...
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i was encouraged to hear speaker boehner. i look forward to hearing his ideas when i see him next week. let me make one final point that every american needs to hear. right now if congress fails to come to an agreement on an overaloveralldeficit reduction e end of the year, everybody's taxes will automatically go up on january 1. everybody's. including the 98% of america for make less than $250,000 per year. and that makes no sense. it would be bad for the economy, and would hit families who are already struggling to make ends meet. now fortunately we shouldn't need long negotiations or drama to solve that part of the problem. while there may be disagreements with congress over whether or not to raise taxes and folks making over $250,000 per year, nobody, not republicans, not democrats, wants taxes to go up for folks making under $250,000 per year. so let's not wait. even as we are negotiating a broader deficit reduction package, let's extend the middle-class tax cuts right now. [applauding] let's do that right now. that one
i was encouraged to hear speaker boehner. i look forward to hearing his ideas when i see him next week. let me make one final point that every american needs to hear. right now if congress fails to come to an agreement on an overaloveralldeficit reduction e end of the year, everybody's taxes will automatically go up on january 1. everybody's. including the 98% of america for make less than $250,000 per year. and that makes no sense. it would be bad for the economy, and would hit families who...
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Nov 13, 2012
11/12
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FBC
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. >> house speaker john boehner said the only way they will talk revenue is entitlement reform. republicans said what they want from a president is a serious proposal. >> when it comes the great economic challenges of the moment, saying that you want a balanced approach is not a plan. saying people need to pay their fair share isn't a plan. >> business executives come to the white house. a number of other ceos will be here all the way up to that have my meeting with congressional leaders, democrats and republicans coming to the white house to meet with the president on friday. david: thank you very much. chances are if you look something up online you have used wikipedia. coming up, wikipedia cofounder, jimmy wales joining liz claman at the cme global leadership conference. this is an exclusive you do not want to miss. moody's warning of big downgrades. find out which ones and why coming straight up. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enoug
. >> house speaker john boehner said the only way they will talk revenue is entitlement reform. republicans said what they want from a president is a serious proposal. >> when it comes the great economic challenges of the moment, saying that you want a balanced approach is not a plan. saying people need to pay their fair share isn't a plan. >> business executives come to the white house. a number of other ceos will be here all the way up to that have my meeting with...
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megyn: you're telling me john boehner's going to agree to that? >> he's agreed -- he's saying, he's making con conciliatory nos that maybe we don't mind if we get more money coming in from the rich. he wants to get rid of loopholes, but the effect is more money coming into the treasury. harry reid says tax the rich. trumka says don't cut entitlements, no, no, no, and don't worry about the deficit. you add that up, and that is a deal on the fiscal cliff, but the stock market doesn't like it, and the economy won't do well in it. that's the bottom line. megyn: all right. we'll see what they do with the fiscal cliff. they tried to fix it twice, twice they failed, now we're getting close to the deadline, and they're like, oh, we'll punt again. okay, fine. washington's going to do what it's going to do. what about obamacare? that, all sort of the bad stuff, if you will, of obamacare, the taxes, the penalties people are going to have to pay, they started in obama 2.0, and that starts in 2014. how big of an impact is that going to have? is. >> big. the re
megyn: you're telling me john boehner's going to agree to that? >> he's agreed -- he's saying, he's making con conciliatory nos that maybe we don't mind if we get more money coming in from the rich. he wants to get rid of loopholes, but the effect is more money coming into the treasury. harry reid says tax the rich. trumka says don't cut entitlements, no, no, no, and don't worry about the deficit. you add that up, and that is a deal on the fiscal cliff, but the stock market doesn't like...
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Nov 12, 2012
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john boehner needs to stand his ground. he needs to say we can bring in more revenue, reform the tax code but won't raise taxes on anyone at this time. if the republican party doesn't stand for something, then they may as well call themselves another set of democrats. charles: the republican party was deemed the party of no for the last couple of years, and i think it hurt them at the polls. do they have to compromise somewhere? >> they will likely have to compromise but where they shouldn't compromise is raising taxes. that's going to affect economic output. even cbo talks about another drop in economic output. our gdp growth -- charles: if they don't raise taxes, how do they do it? what does boehner mean by revenue? >> you have to cut out subsidies. along with that tax reform is necessary so companies can make more money, small businesses. if you make it so they can be better companies, bigger companies, hire more people, even a a part timer, you can't to increase economic output. >> articulate why that's not the solution
john boehner needs to stand his ground. he needs to say we can bring in more revenue, reform the tax code but won't raise taxes on anyone at this time. if the republican party doesn't stand for something, then they may as well call themselves another set of democrats. charles: the republican party was deemed the party of no for the last couple of years, and i think it hurt them at the polls. do they have to compromise somewhere? >> they will likely have to compromise but where they...
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mitch mcconnell has certainly got john boehner's back. he agrees. he says, quote, one issue i've never been conflicted about is taxes. i wasn't sent to washington to raise anybody's taxes to pay for more wasteful spending. and this election doesn't change my principles. here is something that the president and the folks in the white house have to think about. since they are intent on raising taxes, the congressional budget office says hold the phone. not so fast because if the taxes all get hiked up as they're going to at the end of the year unless there is some sort of a change and they come to an agreement, there would wind up being a recession in this country one year from right now, unemployment would be above 9% and the economy, they say, would contract by about a half a percent when it comes to the gdp. those are two very sobering numbers. in other words, if they can figure a way to do something about the debt problem and also about stuff we were just talking about right there, you know, as we got up to the cliff, we'll have a way down. but yo
mitch mcconnell has certainly got john boehner's back. he agrees. he says, quote, one issue i've never been conflicted about is taxes. i wasn't sent to washington to raise anybody's taxes to pay for more wasteful spending. and this election doesn't change my principles. here is something that the president and the folks in the white house have to think about. since they are intent on raising taxes, the congressional budget office says hold the phone. not so fast because if the taxes all get...
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Nov 14, 2012
11/12
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john boehner still in the house. you are still at the treasury. the president is back in the office. harry reid is in the senate with more seats -- why should i believe this will end any more positively than the summer of 2011? >> i will not try to talk to about optimism, but let's look at what has changed. you have republican leadership acknowledging relief for the first time in this debate in public that they would agree to increase revenues as part of an agreement to help restore fiscal balance. that is a very important change. you could debate what has motivated that change, and of course it is true that that approach has very popular substantial support among the american people. you have a much greater recognition that the economy would benefit from a carefully designed balanced agreement on fiscal reform. putting that off indefinitely is not good for the country. that is important, too. i think, again, if you listen carefully to what people are saying and what many politicians are saying, there is a lot of consensus on the things that would
john boehner still in the house. you are still at the treasury. the president is back in the office. harry reid is in the senate with more seats -- why should i believe this will end any more positively than the summer of 2011? >> i will not try to talk to about optimism, but let's look at what has changed. you have republican leadership acknowledging relief for the first time in this debate in public that they would agree to increase revenues as part of an agreement to help restore...
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Nov 13, 2012
11/12
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spier boehner came so and sang the first version and president obama sang the second verse. they'll find a middle ground because there's a mandate for it and everybody knows what the issues are. so i actually am very optimistic that we'll have some pain in the short run, maybe three to six months, we'll start moving towards an end game and that's where investors should be positioned for. remember what wayne gretzky said. he was successful because he traded to where the puck was going, now where it is now. >> and a compromise involves higher taxes somewhere, so what does that do for your clients and investments? >> what i love that richard lefrak said is that wealth has been convicted and we're just waiting for the sentencing. that really puts it in context. because the wealthy, whatever that means and whatever they decide wealthy people are, with already knowing that they'll pay more. one of the things that's interesting is once that happens, and i believe that's the beginning rounds, all eyes will be turning to, okay, great, that's done, the villain is out of the room. >> i
spier boehner came so and sang the first version and president obama sang the second verse. they'll find a middle ground because there's a mandate for it and everybody knows what the issues are. so i actually am very optimistic that we'll have some pain in the short run, maybe three to six months, we'll start moving towards an end game and that's where investors should be positioned for. remember what wayne gretzky said. he was successful because he traded to where the puck was going, now where...
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Nov 8, 2012
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boehner doesn't want it. obama doesn't want it so i think they'll come together with some kind of plan. >> what you're saying is november will basically be a washout for the market and the fiscal cliff is what does us in? >> i am. i think november is basically, you know, like everybody's been saying in the group which doesn't make me feel great, but it's probably pretty true is that you're going to see this market continue to pull back slowly. you're going have these worries that are associated with europe and the fiscal cliff and earnings and i think you'll find some stability and then we get a year-end rally if we can see headwind being made on the fiscal cliff and when you get the pullback you want people to buy discretionaries, industrials and financials and you're urging people to do that once we get the pullback and not at the current time. is that correct? >> that is correct. take a look at what's been going on in the housing market. the paper reported housing prices are up 7.5% over last year. and the
boehner doesn't want it. obama doesn't want it so i think they'll come together with some kind of plan. >> what you're saying is november will basically be a washout for the market and the fiscal cliff is what does us in? >> i am. i think november is basically, you know, like everybody's been saying in the group which doesn't make me feel great, but it's probably pretty true is that you're going to see this market continue to pull back slowly. you're going have these worries that...
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and, you know, what i would like to tell john boehner is don't give in to this craziness. this is nothing but craziness. and i watched harry reid yesterday. you know, he talked and he talked and he really said nothing. then he went on about dance, dance, dance and i thought to myself all you do is dance around with these bills that they send. the house will have a bill, they send it to the senate and what does he do? dances around it and never addresses it. >> host: know by partisanship than for you? >> caller: no, absolutely none. then when he left the stage and was walking off, the man -- i feel bad for him that he just can't get it together -- he grabbed ahold of the flag. he was falling. then he grabbed ahold of low wall and at that point i said uh oh that man needs to go home. he's too old to be there. he doesn't do his job and is collecting a big paycheck. >> host: we covered that news conference. you probably watched it on c-span, go over to the site, c-span.org if you want to watch the entire press conference with senate majority leader harry reid. on facebook here
and, you know, what i would like to tell john boehner is don't give in to this craziness. this is nothing but craziness. and i watched harry reid yesterday. you know, he talked and he talked and he really said nothing. then he went on about dance, dance, dance and i thought to myself all you do is dance around with these bills that they send. the house will have a bill, they send it to the senate and what does he do? dances around it and never addresses it. >> host: know by partisanship...
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Nov 13, 2012
11/12
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>> well, i think speaker boehner has it right where he said we need to look at the whole tax code before we start increasing taxes. so i actually think that needs to be evaluated. so i'm not quite sure where the fiscal cliff is going to go. i'm assuming they are going to as they say kick the can down the road for another couple of months. hopefully they take that time period to lay out a foundation over what they are going to do in order for us to put our fiscal house in order. liz: there is citizen duffy and there is businessman ceo duffy. let's talk about the ceo duffy and how your customers and i want to remind our viewers that you have everyone from farmers who trade on the cme to small traders to billion dollars financial institutions. if we fell off a cliff, how would they be affected? >> well, i think they would be affected in my ways. -- in many ways. what i said earlier, for all these people to go about and do their business. farmers should be worried about the weather and the yield they are going to get in their crops not what's going on on the fiscal cliff. unfortunately they
>> well, i think speaker boehner has it right where he said we need to look at the whole tax code before we start increasing taxes. so i actually think that needs to be evaluated. so i'm not quite sure where the fiscal cliff is going to go. i'm assuming they are going to as they say kick the can down the road for another couple of months. hopefully they take that time period to lay out a foundation over what they are going to do in order for us to put our fiscal house in order. liz: there...
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harry reid says tax hikes for the rich, john boehner talks more tax revenue, union boss from xhosas deficits are not priority. read between the lines. taxes up soon, spending may drop later, the debt will go up. that was a big part of the stock sell-off yesterday. the dow is below 13,000. a serious hardship story for you. new york area hit with another storm, more power outages, more destruction. this will hurt the whole nation's economy. "varney and company" about to begin. rs day of work. and his new boss ld him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busseto waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from ameritrade. stuart: two days after the election the fighting is starting on capitol hill. all about the fiscal cliff, the national debt and taxing the rich. no matter which way you
harry reid says tax hikes for the rich, john boehner talks more tax revenue, union boss from xhosas deficits are not priority. read between the lines. taxes up soon, spending may drop later, the debt will go up. that was a big part of the stock sell-off yesterday. the dow is below 13,000. a serious hardship story for you. new york area hit with another storm, more power outages, more destruction. this will hurt the whole nation's economy. "varney and company" about to begin. rs day of...
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Nov 9, 2012
11/12
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what we heard from john boehner, the house speaker earlier this week, sort of conflicting remarks on whether p ares would be open to tax increases. the day after the election, he said that revenue increases might be a possibility, but then in interview yesterday, he said basically we're not open to tax increases. so it will be interesting to see how much of a focus the president puts on the issue of revenue increases in his remarks today. >> what impact has the election had on the hard liner republicans? has it made them more malleable? >> it certainly looks like it has early on here. the tone in washington is we lost the election, mitt romney did not win, the american people have spoken. we have to work with this president the next four years and that's different than what we've seen the last year and a half which is we want to do everything we can to make this president a one term president. now that that's not going to happen, republicans don't have much choice, they have to work with this president and the tone here is very different so far than what we saw the last year. the que
what we heard from john boehner, the house speaker earlier this week, sort of conflicting remarks on whether p ares would be open to tax increases. the day after the election, he said that revenue increases might be a possibility, but then in interview yesterday, he said basically we're not open to tax increases. so it will be interesting to see how much of a focus the president puts on the issue of revenue increases in his remarks today. >> what impact has the election had on the hard...
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Nov 9, 2012
11/12
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so i think that, hopefully, >> woodruff: house speaker john boehner said yesterday that republicans are willing to consider raising revenues, but only within limits. >> the president has called for a balanced approach to the deficit-- a combination of spending cuts and increased revenues. but a balanced approach isn't balanced if it means higher taxes on small businesses that are the key to getting our economy moving again and keeping it moving. >> woodruff: meanwhile, republican and democratic senators-- known as the gang of eight-- have restarted talks aimed at finding a deal. they held a conference call yesterday. and wall street signaled its own concern with wednesday's big sell-off. it was blamed partly on fears there will be no deal, and the country will go off the fiscal cliff. a number of business leaders are starting to take a more public position on how to tackle the fiscal cliff. we get the views of one of the c.e.o.s who have joined in with the campaign to fix the debt that we referred to in our piece. mark bertolini is chairman and c.e.o. of aetna, a health insurance compan
so i think that, hopefully, >> woodruff: house speaker john boehner said yesterday that republicans are willing to consider raising revenues, but only within limits. >> the president has called for a balanced approach to the deficit-- a combination of spending cuts and increased revenues. but a balanced approach isn't balanced if it means higher taxes on small businesses that are the key to getting our economy moving again and keeping it moving. >> woodruff: meanwhile,...
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Nov 12, 2012
11/12
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you heard john boehner say that already. we've had voteses in the senate where we've gotten rid of tax credits. i think that's a given. and i think that the vast majority of measures agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem and that's uncontrolled entitlement spending and a government that has grown massively. >> i think if the house stands for anything, it's cut government spending as tom coburn said and i think we'll have to do more of it. we heard the mandate in 2010 where it was a clear mandate cut spending and we did, we cut $900 billion in spending that he can't like painful tos us. >> we'll continue our call to rise bol politics and make a deal. oufr guests this morning include mike jackson and also david zaslav. and the head of maris group. and douglas holtz-eakin. >> let's talk about eurozone finance ministers meeting to discuss whether to release a new tranche of fund to go greece. the leaders are not expected it to okay the fun
you heard john boehner say that already. we've had voteses in the senate where we've gotten rid of tax credits. i think that's a given. and i think that the vast majority of measures agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem and that's uncontrolled entitlement spending and a government that has grown massively. >> i think if the house stands for anything, it's cut government spending as tom coburn said...
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Nov 15, 2012
11/12
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if speaker boehner says i'll go along with that, that's where we'll start. i think e converti is under way for a solution. >> ifill: senator durban, are you kicking the can down the road by only talking about the tax ruts and not talking about the spending cuts as well? >> let me tell you something, i was on the bowles simpson commission, i voted for it, bipartisan commission that included spending cuts as well as revenue increases. i know that to reach four or five trillion dollars in deficit reduction you need to put everything on the table. not just taxes for the wealthy. that's an important piece of it, but it isn't all of it. you ed much mor >> the president said today in his news conference that he was very familiar with the literature on the overreach of presidents in their second term or their potential for overreach. do you think that's a possibility here? do you see that? we have heard, for instance, republicans say, hey, we can talk about immigration now. is it possible that some things actually are in reach? >> oh, i do think -- i think immigrati
if speaker boehner says i'll go along with that, that's where we'll start. i think e converti is under way for a solution. >> ifill: senator durban, are you kicking the can down the road by only talking about the tax ruts and not talking about the spending cuts as well? >> let me tell you something, i was on the bowles simpson commission, i voted for it, bipartisan commission that included spending cuts as well as revenue increases. i know that to reach four or five trillion dollars...
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Nov 9, 2012
11/12
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. >> we'll hear from republican speaker of the house john boehner. what do you expect out of him? >> reporter: you know, he opened the door and said we are interested in talking about new revenue and then had to go back and clarify himself and he will likely do that again today. he did that in an interview but probably will do it in a wider form to say we are not for new taxes. if that's the way president obama and the democrats want to bring more money into this government, we're not going to go for it. >> one last question for you. we talked about this causing a recession. this thelma and louise impact. there could be real impact on the unemployment and economy. >> reporter: if congress does nothing and lets those tax increases happen and don't forget the 2% payroll tax break we ought got this year too, if they let both happen at the beginning of the year plus the massive budget cuts in the government we haven't even talked about that and the effect on the military, if all of that goes into effect, no unemployment benefits extended for people, they think that we could be looking
. >> we'll hear from republican speaker of the house john boehner. what do you expect out of him? >> reporter: you know, he opened the door and said we are interested in talking about new revenue and then had to go back and clarify himself and he will likely do that again today. he did that in an interview but probably will do it in a wider form to say we are not for new taxes. if that's the way president obama and the democrats want to bring more money into this government, we're...
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Nov 14, 2012
11/12
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. >> twice where we were with boehner. but might be the beginning of bargain point. but you get 820 billion. so there's another 800 billion. at this point, the others are saying no cuts to medicare, social security, or anything else. and they have to find another 800 billion. >> the president did not say -- >> we know he has to cut some of those. >> my guess is the gop is saying they're looking at a trillion dollars as the number. >> and you saw what paul ryan said. the house was re-elected. so people re-elected those people in the house for a reason. it's a nonstarter. it's not going to happen. it's not going to be 1.6 billion. 1.6 trillion. to get to four trillion, that would be 2.4. so we said that. he'll go not 3-1 like simpson bowles. he's go one and a half to one. >> that's not going to happen either. >> but what bothers me -- >> the problem is nothing is going to happen. >> what bothers me is i do think you can get to a point where you raise taxes too much and you don't cut spending enough, where you're just funding entitlements by raising taxes and you don't
. >> twice where we were with boehner. but might be the beginning of bargain point. but you get 820 billion. so there's another 800 billion. at this point, the others are saying no cuts to medicare, social security, or anything else. and they have to find another 800 billion. >> the president did not say -- >> we know he has to cut some of those. >> my guess is the gop is saying they're looking at a trillion dollars as the number. >> and you saw what paul ryan...
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Nov 15, 2012
11/12
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. >> if you saw a headline, boehner-obama to agree to long-term solution, you would hit buy first on com? >> we no longer have to worry about rising above? >> i think we'll see that as a joke. >> only up 3% to 5% between now and tuesday. that's not their focus. >> i understand. >> but remember when germany went down, when the german forces went down. those are countries that are dominated by rich people. a lot of those companies are plutocrasies. i think when their market went down, they said holy cow, maybe we ought to do something, maybe monty ought to get together, our country t.a.r.p., that first vote, i think people said, okay, i'm going to have to work the rest of my life, there goes my 401(k) and the congressmen rise above. i hope it doesn't take that. i hope it didn't. >> we do have some media news today, viacom is out with some numbers. >> viacom is not as bad as i had feared. the market numbers down about 6% for the company which is perhaps a little bit better than might have been expected. if you take a look over the last few weeks has been down somewhat dramatically. look
. >> if you saw a headline, boehner-obama to agree to long-term solution, you would hit buy first on com? >> we no longer have to worry about rising above? >> i think we'll see that as a joke. >> only up 3% to 5% between now and tuesday. that's not their focus. >> i understand. >> but remember when germany went down, when the german forces went down. those are countries that are dominated by rich people. a lot of those companies are plutocrasies. i think when...
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Nov 13, 2012
11/12
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when you talk about entitlement reform, when you talk about taxes, house republicans are saying john boehner is saying we will do revenue from tax reform but must be accompanied by meaningful tax reform so two different messages. congress is back in session after a hiatus for the election season. mitch mcconnell meeting with the new republican senator in that body, democrats and republicans returning to capitol hill and on friday the big meeting, president obama, congressional leaders start talking fiscal cliff. cheryl: they need to get going. thank you, live at the white house. dennis: labor leaders love president obama but can he bring business leaders in? we meet with ceos tomorrow and trying to get republicans to compromise. republican senator and minority whip roger wicker of mississippi joins us from the capital. president obama says his reelection means we will tax the rich. democrats, republicans say they are old and the house meaning we won't raise taxes on any one. are you two side going to blow this and what let happen? >> i hope not. there is room for compromise. but i don't thin
when you talk about entitlement reform, when you talk about taxes, house republicans are saying john boehner is saying we will do revenue from tax reform but must be accompanied by meaningful tax reform so two different messages. congress is back in session after a hiatus for the election season. mitch mcconnell meeting with the new republican senator in that body, democrats and republicans returning to capitol hill and on friday the big meeting, president obama, congressional leaders start...
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Nov 13, 2012
11/12
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soon as right. >> caller: that's thepackets. >> stephanie: right. >> caller: the weeper of the house boehner has a plan for this benghazi and petraeus thing. they're planning something. >> stephanie: oh really. >> caller: i just have a feeling. >> stephanie: hmm, hmm that's something that john jon stewart brought up. how can there be a white house cover up? petraeus can still testify. now we'll never know what happened. quitting is not the same thing as dying. he could still go testify what happened in benghazi. michael you're on "the stephanie miller show." >> caller: good morning, stephanie, how are you and your merry erlves today. >> stephanie: my elves are fine. >> caller: how do you think the brave fighting men feel in the trenches when they find out the guy leading them is playing games and they're getting shot at and the guy behind the desk aren't. >> stephanie: playing hoochy mamas. >> caller: yes, and what do you think a patient would feel like if he was laying under the scalp of ms. kelley's bombed husband. >> stephanie: do we have evidence that he's bombed? how did he get dragged
soon as right. >> caller: that's thepackets. >> stephanie: right. >> caller: the weeper of the house boehner has a plan for this benghazi and petraeus thing. they're planning something. >> stephanie: oh really. >> caller: i just have a feeling. >> stephanie: hmm, hmm that's something that john jon stewart brought up. how can there be a white house cover up? petraeus can still testify. now we'll never know what happened. quitting is not the same thing as...
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Nov 14, 2012
11/12
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john boehner still in the house for the time being at the treasury. the president is back in the white house and harry reid is in the senate with a few more seats. why should i believe this would end any more positively than the summer of 2011? >> because again i'm not going to try to talk to you in optimism but let's look at what's changed. you have republican leadership acknowledging for the first time in this debate in public that it's agreed to increase in revenues as part of an agreement that helps restore fiscal balance. that's a very important change. you can debate on what motivated that change, and of course it's true that approach has been a popular very substantial support among the american people. you have a much greater recognition that the economy would benefit on a carefully designed balanced agreement on fiscal reform and putting it off indefinitely is not good for the country. that's important, too. and i also think again if you listen carefully to what people are saying and what many politicians are saying with many elected represen
john boehner still in the house for the time being at the treasury. the president is back in the white house and harry reid is in the senate with a few more seats. why should i believe this would end any more positively than the summer of 2011? >> because again i'm not going to try to talk to you in optimism but let's look at what's changed. you have republican leadership acknowledging for the first time in this debate in public that it's agreed to increase in revenues as part of an...
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Nov 13, 2012
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i thought they wanted some elaboration since they are very accomplished boehner, and i think we're going to kick it off with monique. >> thank you. i have my notes on a powerpoint, but there are no charge to give you can see them it's okay. it's basically notes to myself. but my time is avoiding a not so grand bargain, and actually jamie galbraith using algae that ask what he is which is you're getting the hard sell from osgood is a timeshare. he said condit. you could say regular, you could say car dealer. but his point was that a lot of other people have mentioned this that when you're getting the heart so it's time to stop and think. i would go a little further and say when you're getting the heart so, you know you're not getting the best deal you can. so effective don't stop and think, walk away, see what happens and then come back. and my particular focus, even though historically i look at the reserves and these days it's been a lot on retirement and social security. so i'm particularly concern of social security. i thought it's going to be taking the last, the last slot. and so i'
i thought they wanted some elaboration since they are very accomplished boehner, and i think we're going to kick it off with monique. >> thank you. i have my notes on a powerpoint, but there are no charge to give you can see them it's okay. it's basically notes to myself. but my time is avoiding a not so grand bargain, and actually jamie galbraith using algae that ask what he is which is you're getting the hard sell from osgood is a timeshare. he said condit. you could say regular, you...
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Nov 12, 2012
11/12
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tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense. that's a lot of what you are saying in public. the reality is that neither side has a really clear machine date or clear vote and no one wants to look at the end of the day like they never gave compromise a chance. listen to republican bob corker, though, because there does seem to be a little bit of a crack on the republican side on whether or not it's okay to raise some taxes. >> i think there is a deal. the ying and yang is we know there has to be revenues, and i think -- look, i haven't met a wealthy republican or democrat in tennessee that's not willing to contribute more as long as they know we so
tone that we've seen since the election, whether it's from the president or the house speaker john boehner, but i can tell you in talking to sources privately on both sides of the aisle, they admit that it's all about positioning and posturing to make sure at the end of the day if we do go off the fiscal cliff that they're not blamed for it. they're the ones who looked reasonable, not unreasonable, and they're preparing for the other side to blame them for the opposite, if that makes sense....